Should I hold this duplex or should I sell it???

[Coran Clements]

My family has a property in Chicago. This is the link. https://www.redfin.com/IL/Chicago/7926-S-Aberdeen-...

I'm wondering if it's a good idea to do some repairs and rent it out or if we should just sell it. There is a mortgage principal of about 60k and the ARV is possibly 200k, but the only problem is it's on the Southside of Chicago, near Englewood. Property taxes are increasing, the population is decreasing and I'm not a very experienced investor to know what condition the market is in.

If there are any investors who are familiar with the Southside Chicago market, your feedback will be greatly appreciated.

[Nick Elg]

@Coran Clements

I will give you my opinion, but I hope another investor from Chicago will post their feedback as well. 

I would sell it.. I would sell because as you mentioned the population is decreasing. You can find the population growth pretty easy from doing some google searches. I would recommend www.usa.com, it is free. There are some paid companies that do all the research you could ever want. 

Again, I would sell, It would be a shame to renovate and then not have renters or quality renters.